What is HUF? How to Save Tax via HUF?

HUF stands for Hindu Undivided Family. HUF can be formed by Hindus, Jains, Buddhist and Sikh Families in India. As per Income Tax rules, HUF is a separate tax entity/unit. You can enjoy additional tax benefits as a family by forming HUF. If you are keen to know more about Hindu Undivided Family, continue reading this post till the end. You will learn about what is HUF? & How to form HUF for saving tax? What is HUF? HUF is a separate tax entity/unit called as Hindu Undivided Family. The family members of Hindu family (Indian citizen) can come together